Income Sharing Tutorial

The income sharing will live on May 5th! Through this function, $DEG holders will be able to share the platform income by staking veDEG.

For detailed intro about the income sharing :https://degis.medium.com/introduce-the-income-sharing-function-569c3a3c368d

This tutorial below will introduce how to share the platform income by this function.

1. Stake $DEG to gain veDEG

$DEG can be staked for veDEG reward, veDEG can used to boost LP mining rate and also share the platform income.

Check here for the tutorial of staking $DEG to gain veDEG: https://degis.medium.com/deg-staking-and-vedeg-function-tutorial-c1fb4cd8f436

Btw, 1 staked $DEG can maximumly generate 100 veDEG, which will approximately takes 1 months to stake. But you can the maximum veDEG amount immediately if you choose to lock $DEG for one year.

2. Stake veDEG to share the platform income

Once your have veDEG in your wallet, you can stake it into the income sharing pool to share platform income. In the meantime, the veDEG staked in the income sharing pool can still boost the LP mining yields. The method is as follows:

2.1. Find the Income Sharing function under “Staking” menu:

2.2. Click “MORE” to enter the function:

2.3. You can enter the amount of veDEG that you want to stake or just simply drag the slider below, then click “STAKE” to stake your veDEG:

2.4. Once you have staked veDEG into the pool, your share in the pool will be displayed on the left top of the page, and rewards will be generated according to your share.

2.5. The rewards is in the form of USDC.e, you can claim your reward anytime by clicking “HARVEST”

2.6. You can switch the icon if you want to unstake your veDEG. Please mind that, if you want to unstake your $DEG from the veDEG generating pool, you have to unstake your veDEG from the income sharing pool.

The rewards in the income sharing pool are distributed according to your staked veDEG share in the pool, which means, the more veDEG you stake, the more platform income you can share. Have you got your veDEG ready?

Degis official links

Twitter: https://twitter.com/ProjectDegis

Telegram Announcements Channel: https://t.me/ProjectDegisAnnouncements

Telegram Chat Group: https://t.me/ProjectDegis

Discord:https://discord.gg/UspHYsSG4c

--

--

--

The 1st DeFi insurance protocol on Avalanche https://degis.io/

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Price of gold is up. Investing for low-income investors

How We Women Are Spending A Lot On Electronic Devices

Can my husband go to,jail for a payday loan at speedy cash (2 checks)?

Is a real estate broker separate from a mortgage broker?

Diamond Jewelry- Precious Metals 101

3 Marvelous Ways To Grow Your Income Right Now

BANKROLL FLOW — HELPING YOU ACHIEVE FINANCIAL FREEDOM

New Changes! $1400 Fourth Stimulus Check +Third Stimulus Check Update Unemployment NEW Bill

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Project Degis

Project Degis

The 1st DeFi insurance protocol on Avalanche https://degis.io/

More from Medium

Introduce the Income Sharing Function

Trade with OpenLeverage x Biswap for 2,150,000 OLE and 5,000 BSW

Newsletter #5

Bridging Stablecoins with Meson